FLCB vs. FLRG ETF Comparison

Comparison of Franklin Liberty U.S. Core Bond ETF (FLCB) to Fidelity U.S. Multifactor ETF (FLRG)

FLCB

Franklin Liberty U.S. Core Bond ETF

FLCB Description

The investment seeks total return. Under normal market conditions, the fund invests at least 80% of its net assets in bonds of U.S. issuers, including government, corporate debt, mortgage-backed and asset-backed securities. It invests predominantly in investment grade debt securities and, under normal market conditions, is generally expected to have sector, credit and duration exposures comparable to the Bloomberg Barclays U.S. Aggregate Bond Index, the fund's benchmark index. The fund may enter into various interest rate and credit-related derivatives, principally U.S. Treasury futures, interest rate swaps and credit default swaps.

Grade (RS Rating)

Last Trade

$22.07

Average Daily Volume

605,649

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$33.59

Average Daily Volume

19,267

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FLCB	FLRG
30 Days	1.29%	2.15%
60 Days	4.29%	4.81%
90 Days	4.46%	6.21%
12 Months	9.97%	29.18%

11 Overlapping Holdings

Symbol	Grade	Weight in FLCB	Weight in FLRG	Overlap
ABBV	C	0.37%	1.36%	0.37%
ACGL	C	0.11%	0.98%	0.11%
CF	C	0.35%	0.7%	0.35%
CMCSA	D	0.14%	0.49%	0.14%
CNC	D	0.18%	0.73%	0.18%
MO	C	0.41%	0.96%	0.41%
NOW	B	0.33%	0.55%	0.33%
NVR	B	0.19%	0.93%	0.19%
RDN	C	0.24%	0.91%	0.24%
RPRX	C	0.31%	0.64%	0.31%
VZ	B	0.51%	0.54%	0.51%

FLCB Overweight 31 Positions Relative to FLRG

Symbol	Grade	Weight
BAC	D	0.53%
CAF	F	0.51%
BABA	B	0.48%
FLEX	C	0.43%
DGX	B	0.42%
DUK	C	0.41%
MHK	C	0.4%
GJS	B	0.39%
MPLX	B	0.39%
C	C	0.34%
TAK	C	0.34%
DLTR	F	0.34%
CARR	B	0.32%
XOM	C	0.31%
BA	F	0.3%
LVS	D	0.28%
SCCO	D	0.26%
KMI	B	0.24%
EXC	C	0.2%
NOC	B	0.19%
VOD	C	0.19%
EQNR	F	0.18%
FDX	C	0.14%
GPJA	B	0.1%
MET	B	0.09%
WMB	B	0.08%
HCA	B	0.07%
ET	B	0.06%
PSX	F	0.06%
KIM	C	0.05%
CSX	D	0.05%

FLCB Underweight 89 Positions Relative to FLRG

Symbol	Grade	Weight
AAPL	C	-6.58%
MSFT	C	-6.2%
NVDA	D	-5.59%
GOOGL	D	-3.83%
META	B	-2.39%
LLY	C	-2.02%
VST	C	-1.63%
V	C	-1.56%
MA	B	-1.51%
AVGO	C	-1.51%
PG	C	-1.47%
HD	B	-1.44%
JNJ	C	-1.43%
LMT	C	-1.24%
NFG	B	-1.19%
PM	C	-1.17%
MCD	B	-1.09%
AFL	C	-1.09%
ALSN	B	-1.08%
MLI	A	-1.07%
ADP	B	-1.05%
FCNCA	D	-1.04%
AMGN	B	-1.0%
UTHR	C	-0.98%
OHI	B	-0.97%
AZO	D	-0.96%
VRTX	D	-0.96%
MTH	A	-0.95%
ORLY	C	-0.95%
MCK	F	-0.95%
PHM	B	-0.95%
VLO	F	-0.95%
RGA	C	-0.94%
LEN	B	-0.94%
LNG	C	-0.94%
TMHC	A	-0.93%
BKNG	C	-0.93%
MTG	B	-0.93%
CL	D	-0.93%
REGN	C	-0.93%
SYF	C	-0.92%
VRSK	D	-0.92%
PSA	B	-0.9%
PAYX	C	-0.9%
CME	C	-0.88%
CBOE	C	-0.84%
ESNT	B	-0.84%
KMB	D	-0.82%
CHRD	F	-0.82%
PCAR	D	-0.82%
VICI	C	-0.81%
CTRA	D	-0.81%
GILD	B	-0.8%
SNA	C	-0.78%
EG	C	-0.76%
STLD	F	-0.75%
BCC	B	-0.74%
BLDR	C	-0.7%
MOH	D	-0.66%
ADBE	F	-0.66%
NUE	F	-0.64%
ACN	C	-0.6%
BRBR	C	-0.58%
CSCO	C	-0.58%
INTU	C	-0.57%
IBM	B	-0.57%
AMAT	D	-0.55%
T	C	-0.5%
KLAC	D	-0.45%
ANET	B	-0.43%
LRCX	F	-0.4%
FICO	B	-0.37%
SNPS	D	-0.36%
CDNS	D	-0.33%
DELL	D	-0.32%
EA	D	-0.3%
CTSH	C	-0.29%
FOXA	B	-0.27%
SWKS	D	-0.26%
FTNT	C	-0.26%
VRSN	D	-0.25%
MANH	B	-0.25%
NYT	C	-0.24%
DOX	C	-0.23%
ZM	C	-0.23%
DLB	D	-0.21%
AKAM	D	-0.2%
DBX	D	-0.17%
QLYS	F	-0.17%